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TBK

Triumph Bancorp NasdaqGS:TBK Stock Report

Last Price

US$57.92

Market Cap

US$1.4b

7D

-5.3%

1Y

-34.0%

Updated

23 Sep, 2022

Data

Company Financials +
TBK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

TBK Stock Overview

Triumph Bancorp, Inc. operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States.

Triumph Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Triumph Bancorp
Historical stock prices
Current Share PriceUS$57.92
52 Week HighUS$136.02
52 Week LowUS$57.00
Beta1.19
1 Month Change-13.57%
3 Month Change-11.11%
1 Year Change-34.01%
3 Year Change80.83%
5 Year Change79.60%
Change since IPO354.28%

Recent News & Updates

Shareholder Returns

TBKUS BanksUS Market
7D-5.3%-5.8%-5.2%
1Y-34.0%-21.7%-23.1%

Return vs Industry: TBK underperformed the US Banks industry which returned -19.4% over the past year.

Return vs Market: TBK underperformed the US Market which returned -21.6% over the past year.

Price Volatility

Is TBK's price volatile compared to industry and market?
TBK volatility
TBK Average Weekly Movement5.3%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: TBK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TBK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19811,328Aaron Grafthttps://www.triumphbancorp.com

Triumph Bancorp, Inc. operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.

Triumph Bancorp Fundamentals Summary

How do Triumph Bancorp's earnings and revenue compare to its market cap?
TBK fundamental statistics
Market CapUS$1.40b
Earnings (TTM)US$116.38m
Revenue (TTM)US$478.71m

12.1x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TBK income statement (TTM)
RevenueUS$478.71m
Cost of RevenueUS$0
Gross ProfitUS$478.71m
Other ExpensesUS$362.32m
EarningsUS$116.38m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.81
Gross Margin100.00%
Net Profit Margin24.31%
Debt/Equity Ratio21.7%

How did TBK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TBK?

Other financial metrics that can be useful for relative valuation.

TBK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-1x

Price to Earnings Ratio vs Peers

How does TBK's PE Ratio compare to its peers?

TBK PE Ratio vs Peers
The above table shows the PE ratio for TBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.8x
OFG OFG Bancorp
8.1x3.8%US$1.2b
EFSC Enterprise Financial Services
10.9x6.4%US$1.7b
SASR Sandy Spring Bancorp
8.4x1.9%US$1.7b
MCHB Mechanics Bank
7.8xn/aUS$1.6b
TBK Triumph Bancorp
12.1x-11.8%US$1.4b

Price-To-Earnings vs Peers: TBK is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (8.8x).


Price to Earnings Ratio vs Industry

How does TBK's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: TBK is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the US Banks industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is TBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: TBK is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).


Share Price vs Fair Value

What is the Fair Price of TBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TBK ($57.92) is trading below our estimate of fair value ($100.83)

Significantly Below Fair Value: TBK is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Triumph Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-11.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TBK's earnings are forecast to decline over the next 3 years (-11.8% per year).

Earnings vs Market: TBK's earnings are forecast to decline over the next 3 years (-11.8% per year).

High Growth Earnings: TBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TBK's revenue (6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: TBK's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TBK's Return on Equity is forecast to be low in 3 years time (11.1%).


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Past Performance

How has Triumph Bancorp performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TBK has high quality earnings.

Growing Profit Margin: TBK's current net profit margins (24.3%) are lower than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: TBK's earnings have grown significantly by 26.9% per year over the past 5 years.

Accelerating Growth: TBK's earnings growth over the past year (2.4%) is below its 5-year average (26.9% per year).

Earnings vs Industry: TBK earnings growth over the past year (2.4%) underperformed the Banks industry 8.6%.


Return on Equity

High ROE: TBK's Return on Equity (13.7%) is considered low.


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Financial Health

How is Triumph Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: TBK's Assets to Equity ratio (6.8x) is low.

Allowance for Bad Loans: TBK has a sufficient allowance for bad loans (104%).

Low Risk Liabilities: 94% of TBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: TBK has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: TBK's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: TBK has an appropriate level of bad loans (0.9%).


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Dividend

What is Triumph Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TBK's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Aaron Graft (44 yo)

11.92yrs

Tenure

US$2,444,169

Compensation

Mr. Aaron P. Graft is the Founder, Vice Chairman, and Chief Executive Officer of Triumph Bancorp, Inc. (Nasdaq: TBK). He also serves as the Vice Chairman, Chief Executive Officer, and Public Information Of...


CEO Compensation Analysis

Compensation vs Market: Aaron's total compensation ($USD2.44M) is below average for companies of similar size in the US market ($USD5.58M).

Compensation vs Earnings: Aaron's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TBK's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: TBK's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TBK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NasdaqGS:TBK Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Aug 22SellUS$180,000Aaron GraftIndividual2,500US$72.00
14 Jun 22BuyUS$532,770Harrison BarnesIndividual8,300US$64.65
02 May 22BuyUS$201,386Charles AndersonIndividual2,925US$68.85
02 May 22BuyUS$100,184Debra BradfordIndividual1,400US$71.56
02 May 22BuyUS$100,239Laura EasleyIndividual1,417US$70.74
02 May 22BuyUS$97,482Harrison BarnesIndividual1,400US$69.63
11 Feb 22BuyUS$94,860Harrison BarnesIndividual1,000US$94.86
17 Nov 21SellUS$1,965,188Carlos SepulvedaIndividual14,974US$131.24
04 Nov 21SellUS$671,901Richard DavisIndividual5,373US$125.21
25 Oct 21SellUS$443,232Adam NelsonIndividual3,800US$116.64

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 74.54% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.77%
BlackRock, Inc.
3,576,094$207.1m0.87%0.01%
8.62%
The Vanguard Group, Inc.
2,087,070$120.9m-0.99%no data
7.56%
Luxor Capital Group, LP
1,829,946$106.0m1.21%5.24%
5.73%
State Street Global Advisors, Inc.
1,388,468$80.4m-8.21%no data
5.39%
Wellington Management Group LLP
1,304,276$75.5m-8.93%0.01%
4.95%
Columbia Management Investment Advisers, LLC
1,198,069$69.4m-4.18%0.02%
3.49%
Westwood Management Corp.
844,906$48.9m17.11%0.56%
3.13%
Dimensional Fund Advisors LP
756,984$43.8m-11.08%0.01%
2.6%
Thrivent Investment Management, Inc.
629,574$36.5m2.49%0.1%
1.98%
Emerald Advisers, LLC
478,432$27.7m-11.4%0.75%
1.79%
Geode Capital Management, LLC
433,018$25.1m1.28%no data
1.73%
Royce & Associates, LP
418,901$24.3m29.45%0.23%
1.47%
Carlos Sepulveda
355,810$20.6m0.31%no data
1.37%
Banc Funds Company, L.L.C.
331,418$19.2m0%1.78%
1.04%
Ranger Investment Management, L.P.
250,798$14.5m664.21%1.12%
1.03%
Northern Trust Global Investments
249,645$14.5m-2.06%no data
1.02%
Aaron Graft
246,382$14.3m-1%no data
1.01%
Loomis Sayles & Company, L.P.
244,227$14.1m-3.89%0.03%
0.97%
NFC Investments, LLC
235,858$13.7m0.66%3.71%
0.91%
BNY Mellon Asset Management
219,655$12.7m-4.85%no data
0.86%
Assenagon Asset Management S.A.
207,843$12.0m-40.56%0.04%
0.85%
Peregrine Capital Management, LLC
205,156$11.9m9.9%0.33%
0.83%
Richard Davis
201,243$11.7m0.27%no data
0.75%
Driehaus Capital Management LLC
181,755$10.5m-73.45%0.12%
0.73%
C. Sparks
176,493$10.2m-14.44%no data

Company Information

Triumph Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Triumph Bancorp, Inc.
  • Ticker: TBK
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.403b
  • Shares outstanding: 24.22m
  • Website: https://www.triumphbancorp.com

Number of Employees


Location

  • Triumph Bancorp, Inc.
  • 12700 Park Central Drive
  • Suite 1700
  • Dallas
  • Texas
  • 75251
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2014
TBKC.PNasdaqGS (Nasdaq Global Select)7.125 DP SH PF CUSUSDJun 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.